Broker question

Salem alikoum I found a broker but I do not know if the way in which he is paid is allowed. First of all, like some so-called “free” brokers, the broker makes money by reselling your stock orders. Your stock market orders are transmitted, not to the “market” but to “high frequency traders” who earn a few cents on your stock market order. barrakallahofikom

Wasalam

May Allah bless you.

If they charge you a fixed fee to perform a certain action, then it should be fine in essence. Otherwise it all depends on the arrangements that you have agreed with them. If you can share more details, we will be able to look into it.

Kind regards